Victory Capital Management Inc. Lowers Stake in A10 Networks, Inc. (NYSE:ATEN)

Victory Capital Management Inc. decreased its position in shares of A10 Networks, Inc. (NYSE:ATEN) by 13.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 171,740 shares of the communications equipment provider’s stock after selling 27,061 shares during the period. Victory Capital Management Inc. owned 0.23% of A10 Networks worth $3,160,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in A10 Networks by 11.8% in the 3rd quarter. Principal Financial Group Inc. now owns 389,088 shares of the communications equipment provider’s stock valued at $5,618,000 after acquiring an additional 41,141 shares during the last quarter. Royce & Associates LP raised its holdings in A10 Networks by 12.7% in the 3rd quarter. Royce & Associates LP now owns 842,656 shares of the communications equipment provider’s stock valued at $12,168,000 after acquiring an additional 94,710 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in A10 Networks in the 3rd quarter valued at $202,000. Thrivent Financial for Lutherans raised its holdings in A10 Networks by 98.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 115,384 shares of the communications equipment provider’s stock valued at $1,666,000 after acquiring an additional 57,284 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in A10 Networks by 262.1% in the 3rd quarter. Quest Partners LLC now owns 56,245 shares of the communications equipment provider’s stock valued at $812,000 after acquiring an additional 40,712 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

A10 Networks Stock Up 2.8 %

Shares of NYSE ATEN opened at $16.84 on Monday. A10 Networks, Inc. has a 52-week low of $12.27 and a 52-week high of $21.90. The firm has a fifty day moving average of $19.69 and a 200-day moving average of $17.14. The stock has a market capitalization of $1.25 billion, a PE ratio of 25.13 and a beta of 1.17.

A10 Networks (NYSE:ATEN) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. A10 Networks had a net margin of 19.16% and a return on equity of 23.44%. Equities research analysts expect that A10 Networks, Inc. will post 0.69 EPS for the current fiscal year.

A10 Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.43%. A10 Networks’s dividend payout ratio (DPR) is 35.82%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ATEN. StockNews.com upgraded A10 Networks from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. BWS Financial reissued a “buy” rating and set a $24.00 price objective on shares of A10 Networks in a research note on Wednesday, February 5th. Finally, Craig Hallum boosted their price objective on shares of A10 Networks from $16.00 to $18.00 and gave the company a “hold” rating in a research note on Wednesday, February 5th.

A10 Networks Profile

A10 Networks, Inc provides networking solutions in the Americas, Japan, rest of Asia Pacific, Europe, the Middle East, and Africa. The company offers Thunder Application Delivery Controller that provides advanced server load balancing; Thunder Carrier Grade Networking, which provides standards-compliant address and protocol translation services between varying types of internet protocol addresses; Thunder Secure Sockets Layer (SSL) Insight that decrypts SSL-encrypted traffic and forwards it to a third-party security device for deep packet inspection; and Thunder Convergent Firewall, which addresses multiple critical security capabilities in one package.